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North American Olefins Prices Mixed on Falling Crude Oil Values
9:52 AM MST | December 30, 2010 | Lindsey Bewley
As crude oil prices slipped in North America, petrochemical prices were left directionless. U.S. feedstocks were mixed, with ethane falling 2 cts/gal and naphtha lower by 2 cts/gal due to lower crude values. Butane remained stead at about $1.67-$1.68/gal, while propane was the sole winner for the week, gaining 2 cts/gal to $1.33-$1.34/gal. U.S. spot olefins were also mixed, as contracts for January have yet to settle and several production issues forcing players to pay higher prices or get out of the game. Spot ethylene traded lower by about 2 cts/lb, to 41...
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